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Sum-of-the-Years'-Digits Depreciation A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an
Sum-of-the-Years'-Digits Depreciation A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an estimated salvage value of $500 Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum of-the-years'- digits method. For intermediate calculations, do not round your depreciation rate value and round your final answers to the nearest dollar. Round percentage amounts to two decimal places. Computer Depreciation Schedule On January 1 Accumulated Depreciation End of Year Book Value Year Depreciable Cost x Rate (06) = Depreciation Expense 4,500 | 4,500 4,500 | 4,500 | 4,500 50 X 40 X 30 X 20 X 10 X 2,250 X 1,800 X 1,350 X 900 X 450 X 2,250 X 2,700 3,150 | X 3,600 | X 4,050X End of Year 5,000 X 3,200 X 1,850 X 950 X 500
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